๐ Day 54 of 100 โ RSI: The Strength Meter of Any Trade ๐ช๐
Ever wonder if a coin is overbought or oversold? Thatโs where RSI comes in.
Today, we learn how to use the Relative Strength Index to catch smart entry and exit points.
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๐ What is RSI?
RSI stands for Relative Strength Index, a momentum indicator that measures how fast and how strong a coin is moving.
๐งฎ RSI ranges from 0 to 100.
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โ How to Read RSI:
Above 70 = Overbought (Price may drop soon)
Below 30 = Oversold (Price may rise soon)
Between 30-70 = Neutral zone
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โ๏ธ How to Use RSI on Binance:
1. Go to the TradingView chart
2. Click Indicators
3. Search for โRSIโ and apply it
4. The RSI line will appear below your chart
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๐ก Pro Tips:
Combine RSI with Support/Resistance for strong signals
Use on higher timeframes (1H, 4H, 1D) for better accuracy
RSI divergence (price moves up, RSI moves down) = possible reversal
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๐ Action Step:
Open your favorite chart i.e; $BTC /USDT and add RSI. Look for a moment when RSI crosses 70 or drops below 30. Watch how price reacts.
